Continuous Education Of Older Employees: Cost Or Benefit?

The complexity of consequences of population ageing is posing a threat to the [European Union] EU macro-economic performance, as well as to the competitiveness of every single enterprise. In this context, increases in participation and employment rates for older workers are essential to help sustain economic growth, and manage the rising financial burden on social protection systems. Between [human resource management] HRM approaches, policies and instruments - continuous education of older employees - seems to be extremely important when striving to prolong employees' working life. Up-to-date knowledge improves older workers' workability and enables people to remain 'employable'. Moreover, it is beneficial for self-confidence, which in turn influences an intrinsic motivation for prolonging working life.